Hochschild Mining (LON:HOC) Trading Down 22.9% - Here's What Happened

Hochschild Mining plc (LON:HOC - Get Free Report) was down 22.9% during trading on Tuesday . The company traded as low as GBX 231 ($3.12) and last traded at GBX 232.20 ($3.13). Approximately 6,865,773 shares traded hands during trading, an increase of 122% from the average daily volume of 3,098,233 shares. The stock had previously closed at GBX 301.20 ($4.07).

Analysts Set New Price Targets

Several equities analysts have recently commented on HOC shares. Berenberg Bank lowered their price objective on Hochschild Mining from GBX 210 ($2.84) to GBX 200 ($2.70) and set a "hold" rating on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada raised Hochschild Mining to an "outperform" rating and set a GBX 270 ($3.65) target price on the stock in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group upped their price target on Hochschild Mining from GBX 285 ($3.85) to GBX 370 ($5.00) and gave the stock a "buy" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hochschild Mining presently has an average rating of "Moderate Buy" and a consensus target price of GBX 290 ($3.92).

Hochschild Mining Stock Up 5.6%

The company has a debt-to-equity ratio of 61.86, a quick ratio of 1.87 and a current ratio of 0.89. The firm has a market capitalization of £1.59 billion, a PE ratio of 52.30, a PEG ratio of 0.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 281.19 and a 200-day moving average price of GBX 236.90.

Insider Buying and Selling at Hochschild Mining

In other news, insider Eduardo Landin bought 77,000 shares of Hochschild Mining stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of GBX 272 ($3.67) per share, with a total value of £209,440 ($282,759.55). 38.71% of the stock is owned by company insiders.

Hochschild Mining Company Profile

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years' operating experience in the Americas. We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.